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when the regulatory environment is right, should there be discussions with dish, sure. let's not rule everything else. who knew dish would be running around? who knew soft bank would be around? what's going to happen with track phone? what will happen with facebook? what will happen with mbnos? whatever happen, there's an awful lot of opportunity and options for t-mobile. it's great time to be growing and taking customers in share. so you want to talk to us, bring it on. but know that you're talking to somebody that's strong and getting stronger. >> so that is the end game, then, a sale of the company? >> no, the end game is to do whatever it takes to get the scale and the capability to solve customers' pain points. right now, we're doing it extremely well. if, in fact, the united states believes the consolidation should not happen, then i believe you'll see some preferential action in washington, making sure that low-band spectrum, and things that can catapult us to the next level, take place. i'll take either path. either combine ourselves with somebody else and get t
when the regulatory environment is right, should there be discussions with dish, sure. let's not rule everything else. who knew dish would be running around? who knew soft bank would be around? what's going to happen with track phone? what will happen with facebook? what will happen with mbnos? whatever happen, there's an awful lot of opportunity and options for t-mobile. it's great time to be growing and taking customers in share. so you want to talk to us, bring it on. but know that you're...
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Jul 7, 2013
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what about the decline in bond prices, what that does to those investors looking for income in this environment? they're losing some principle in the meantime. >> they are. but if they're in shorter securities they're gaining it in better yields. i think there's a longer term issue there in terms of income and so, yeah. i think it bodes well for investors to stay short, and that way they can realize rising yields if in fact the market does continue to have increasing yields and lower prices. >> the other story the markets have focused on this week, the unrest in egypt. and it seemed that the market would go lower when we -- it was unclear what was going to happen. once morsi was taken into custody by the military, the markets took off at some point. what do you make of what the -- the market response to what's going on overseas? >> i think the thing that makes investors most nervous is just the uncertainty created by this kind of unrest. as soon as you get a little bit of clarity, i think investors calm down, at least for a while. >> mike, when all is said and done, what do you do with the stoc
what about the decline in bond prices, what that does to those investors looking for income in this environment? they're losing some principle in the meantime. >> they are. but if they're in shorter securities they're gaining it in better yields. i think there's a longer term issue there in terms of income and so, yeah. i think it bodes well for investors to stay short, and that way they can realize rising yields if in fact the market does continue to have increasing yields and lower...
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burberry maintained fw eed guidr the year but warned of an uneven trade environment as they shift from wholesale markets into branded store sales in latin america and asia. burberry group stock up 4.6% in london. now, on the eve of key signing talks in washington, regulators showing a willingness to play ball with the s.e.c. they say it will hand over all documents related to a u.s. listed chinese company, something the s.e.c. has been pushing for saying it hit roadblocks. csrc protective of state run business secrets didn't say which company's records were being leased and beijing is resisting request to open up se hearing at 2:30 on the planned takeover of smith field foods. the $4.7 billion deal would be the largest ever chinese acquisition of a u.s. company. lawmakers are expected to ask smith field ceo larry pope about food safety issues and foreign ownership. the deal's approval lies with the committee on foreign investment in the u.s. which is chaired by the treasury department. smith field stock, in fact, still up .8% and no surprise up 30% over the last three months. so chines
burberry maintained fw eed guidr the year but warned of an uneven trade environment as they shift from wholesale markets into branded store sales in latin america and asia. burberry group stock up 4.6% in london. now, on the eve of key signing talks in washington, regulators showing a willingness to play ball with the s.e.c. they say it will hand over all documents related to a u.s. listed chinese company, something the s.e.c. has been pushing for saying it hit roadblocks. csrc protective of...
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Jul 13, 2013
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some of ours do better in a lower rate environment and some others benefit from rising rates. wells quite simply has a lot of ways to skin the cat including certificates of deposit and lower levels that they invest themselves. then coining money every day when they turn the lights on. these two banks are not apples to apples. one is an amazing invest bank. the other is the best pure commercial and residential bank. both are inexpensive. both can and should be bought. they are the true winners in an environment where interest rates go higher because one day, at long last, american business will indeed get better. and stay better. brett in california, brett? >> caller: big boo-yah from california. first time caller. thanks for take my all. >> thank you for calling. >> caller: i'm disciplined in my workouts and disciplined in my investments. i have this one stock called rbs. i'm a buyer, long-term holder. >> so glad you asked about this. because i was going to ask jamie dimon, if i had time, would he buy citizens because royal bank may be selling citizens. they have to raise capi
some of ours do better in a lower rate environment and some others benefit from rising rates. wells quite simply has a lot of ways to skin the cat including certificates of deposit and lower levels that they invest themselves. then coining money every day when they turn the lights on. these two banks are not apples to apples. one is an amazing invest bank. the other is the best pure commercial and residential bank. both are inexpensive. both can and should be bought. they are the true winners...
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. >> in this type of volatile political environment, that's really quite dire. >> if the u.s.a. for argument's sake, if the u.s.a. and saudi arabia give the army the money, it's going to stay with the army, right? it's not going to trickle down into the rest of the country? >> the 1.3 billion, that really does go directly to the milit y military. you can have 200,000 in economic assistance, but that is not small numbers. >> helena kroft, thank you for the numbers. we appreciate your watching. i'm larry kudlow. boy, do they need market economics in egypt. might need extra coveragedidn'tu for more expensive items? and what if you didn't know that teen drivers are four times more likely to get into an accident? 'sup the more you know, the better you can plan for what's ahead. talk to farmers and get smarter about your insurance. ♪ we are farmers bum - pa - dum, bum - bum - bum -bum ♪ >> tonight on the car chasers... tell me it's a $100,000 car-- is he on crack? >> the guy that wants to sell it has some issues with the wife. she found out about it. she didn't know what was going
. >> in this type of volatile political environment, that's really quite dire. >> if the u.s.a. for argument's sake, if the u.s.a. and saudi arabia give the army the money, it's going to stay with the army, right? it's not going to trickle down into the rest of the country? >> the 1.3 billion, that really does go directly to the milit y military. you can have 200,000 in economic assistance, but that is not small numbers. >> helena kroft, thank you for the numbers. we...
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they're questioning when europe will get out of a recession environment. given financials are strong and better footing, some of the technology stuff, look at that. >> certainly make it a broader advance to the markets, the ge and cat perform better than expectations. >> i'm not on the cat story. we've performed without them so we don't necessarily have to have cat pillar participating on the upward move. ge is one of these industrials because of the way they're spread away the environment including the financials. if you go to the direct financials city is probably the most important. the reason i say that is they are the biggest global bank. they only have 42% exposure. the rest is ready out through europe and the asian parkts. star bucks, the reason i say that is it gives us a great read on the economy. 74% from north america. when we hear their numbers and we know something about how they're doing in china are people willing to pay up for that coffee in china. we know they have been paying for it here in north america. that tells us something we know f
they're questioning when europe will get out of a recession environment. given financials are strong and better footing, some of the technology stuff, look at that. >> certainly make it a broader advance to the markets, the ge and cat perform better than expectations. >> i'm not on the cat story. we've performed without them so we don't necessarily have to have cat pillar participating on the upward move. ge is one of these industrials because of the way they're spread away the...
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you want to stay proceed particular lickal in this environment. around the world there isn't a lot of growth. the one place in the u.s. will favor small caps more than the s&p stock which is are more global type of players. you want to buy companies in the city that is growing. >> does gnw carry oil? >> i don't believe so. >> is that part of the investment case for them that you want to look at the rails more pure play? >> well, no. >> they have operations predominantly in the united states but also in australia. they are part of the little bit of the global growth story but rails is a great story. it is a 5 billion market cap company and acquiring other operators and that's a key compone component. i think m&a is very under appreciated and most of the merger and acquisition tifrt favored smaller companies this year. that's what's been dominating and why candidly it is under reported right now. there is at lo of m&a that's happening that's quieter. that's indicative of a slow top line growth environment that the s&p constituents are likely faced w
you want to stay proceed particular lickal in this environment. around the world there isn't a lot of growth. the one place in the u.s. will favor small caps more than the s&p stock which is are more global type of players. you want to buy companies in the city that is growing. >> does gnw carry oil? >> i don't believe so. >> is that part of the investment case for them that you want to look at the rails more pure play? >> well, no. >> they have operations...
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tough retail environment, markets don't care. >> stock number three which is a self-serving pick because this is one of brian's picks. >> this has been a weak stock, on our team here. had to put it in. joseph carraba will retire, they needed a change. bb&t upgrading to a buy. one-year return of negative 64% this. tock is singlehandedly holding my team back from certain victory. >> how much is it done since the draft pick? >> i can't even look at it. too ugly. like my grades. >> things can turn around and we do see all the time. stock number four is two stocks. wells fargo and also pnc bank. >> yeah. both downgraded to a hold from a buy citing weak loan growth. ongoing regulatory scrutiny and the likely winning benefit of credit leverage for the downgrade. certainly been a paste of fundamentals and sentiment seems to be playing a role. both seem to be getting hit on the downgrade. >> meantime, happening right now, the ceo of smithfield foods is testifying on capitol hill over the company's proposed takeover buy of a chinese buyer. the senate agriculture committee has hey lot of questions
tough retail environment, markets don't care. >> stock number three which is a self-serving pick because this is one of brian's picks. >> this has been a weak stock, on our team here. had to put it in. joseph carraba will retire, they needed a change. bb&t upgrading to a buy. one-year return of negative 64% this. tock is singlehandedly holding my team back from certain victory. >> how much is it done since the draft pick? >> i can't even look at it. too ugly. like my...
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they don't like that, especially now in a rising-rate environment. maria? >> all right, diana, thank you so much. is the mortgage interest deduction really that important to the housing market? >> let's talk about it with mark goldman, a loan officer for c 2 financial, and also a lecturer on real estate at san diego university. he doesn't think this is a problem. he said most people don't factor it in when they buy the home. but then there's fred glick, principal at u.s. loans mortgage, who says getting rid of it will kill the market. mark, explain why eliminating the mortgage interest deduction wouldn't hurt the real estate market. how could it not? >> well, the market prices have gone up quite quickly. we've seen just in the last month how an increase in interest rates is causing kind of a softening effect on pricing. but people, in my experience, who are purchasing homes rarely even look at the mortgage interest tax deduction as part of their analysis. further, the analysis that underwriting uses to determine somebody's ability to borrow does not include
they don't like that, especially now in a rising-rate environment. maria? >> all right, diana, thank you so much. is the mortgage interest deduction really that important to the housing market? >> let's talk about it with mark goldman, a loan officer for c 2 financial, and also a lecturer on real estate at san diego university. he doesn't think this is a problem. he said most people don't factor it in when they buy the home. but then there's fred glick, principal at u.s. loans...
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how can anybody say a bear in this environment. the debate is next. on the words of ben bernanke, causing a war of words among fed bau watchers. you're watching cnbc, . >>> welcome back. plenty of movement as we hit record highs today. josh lipton is reviewing activity. josh, over to you. >> check out and, saying this one is a buy expecting strong performances as it begins to transition away from reliance on pc demand. price target here is 5 bucks. then the home builders, dhi, lennar, enjoying bounce back and positive news regarding flag ship cancer drug for celg. and the dow, gainers including intel, microsoft, which announced that long awaited restructuring, and disney. finally nasdaq, your biggest gainer randal resources. as dollar dropped, you saw some of the miners not joy big gains and amazon poked above 300 for the first time ever today. up 19% this year. and gap reporting june sales. same store sales up 7%, best in estimate. maria, back to you. >> thanks so much. another record day on wall street. lpl financials says stocks keep on running. bu
how can anybody say a bear in this environment. the debate is next. on the words of ben bernanke, causing a war of words among fed bau watchers. you're watching cnbc, . >>> welcome back. plenty of movement as we hit record highs today. josh lipton is reviewing activity. josh, over to you. >> check out and, saying this one is a buy expecting strong performances as it begins to transition away from reliance on pc demand. price target here is 5 bucks. then the home builders, dhi,...
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that's pretty good environment. >> phil, i've known a lot of seniors who have actually tweeted me recently saying they have gotten killed with some of their bond holdings. they're trying to figure out what to do now. is it too late to diversify and move money out of those? >> it's not too late. you're just at a point in the transition now where you're going to see money coming out of the treasuries as folks open up their mid-year statements and see they lost money in treasuries. the transition is going to be in the spread product if you have to stay in the fixed income side or into some u.s.-based companies that are paying dividends in order to generate your yield that way and get some capital appreciation on top of that. so we don't like treasuries, but we do like stocks. we think cyclicals are the play here. but there's some places to get yield on the equity side. >> real quick. we got to go. tuz anybody care about what's going on in egypt? does anybody care about the cost of crude? does that matter? >> cost of crude matters, but there's plenty of supply. so it's unlikely it's going to s
that's pretty good environment. >> phil, i've known a lot of seniors who have actually tweeted me recently saying they have gotten killed with some of their bond holdings. they're trying to figure out what to do now. is it too late to diversify and move money out of those? >> it's not too late. you're just at a point in the transition now where you're going to see money coming out of the treasuries as folks open up their mid-year statements and see they lost money in treasuries. the...
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these actions damage the global business environment and prospects for a stronger economic recovery. precisely when greater trade flows for -- and investment could provide a debt free and much needed boost to world economic growth and job creation. >> yeah. i mean, in that light, if you've got this eu/u.s. accord in, just how big a deal would it be in terms of, you know, generating growth? >> in the terms of the eu/u.s. trade deal, we have not actually done the numbers. but on the multilateral front, we have crunched the numbers. and i can tell you that multilateral trade negotiations are also under way right now. and there is a ministerial conference coming up in december. the g-20 will be looking at this issue. the international chamber of commerce is urging g-20 countries to urge other wto members to reach a final agreement on trade facilitation. and this could result in gdp increases of approximately 960 billion. and create over 18 million jobs worldwide. so for the international chamber of commerce, we -- we like yun literal trade liberalization, bilateral agreements, region all
these actions damage the global business environment and prospects for a stronger economic recovery. precisely when greater trade flows for -- and investment could provide a debt free and much needed boost to world economic growth and job creation. >> yeah. i mean, in that light, if you've got this eu/u.s. accord in, just how big a deal would it be in terms of, you know, generating growth? >> in the terms of the eu/u.s. trade deal, we have not actually done the numbers. but on the...
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are things about it that still don't make much sense because people are still submitting rates in an environment where you are not sure of what's going on here. by the way, we know now the shibor in china was manipulated as anything else too. so i'm not sure whether the administrator has anything to do with it so much as those that contribute to the ultimate numbers. joe, we bought the the potential next mayor coming up. >> the shibor. >> in china. we will talk about this race. it's happened before in this city. is a guy with no political experience who happened to be a millionaire. he became mayor. >> oh, did he? >> i used to shop at the supermarket. to get the guy out of office has been difficult. or next guest, real estate magnet. >> and red apple. those are small parts of his empire. >> he is joining us now. john, people probably say how are you going to do this? you got no experience, number one, you got a lot of money if you decide to spend some of it like bloomberg did. number two, can you look around? i look, nobody is saftd with anybody at this point. i look at christine quinn. people s
are things about it that still don't make much sense because people are still submitting rates in an environment where you are not sure of what's going on here. by the way, we know now the shibor in china was manipulated as anything else too. so i'm not sure whether the administrator has anything to do with it so much as those that contribute to the ultimate numbers. joe, we bought the the potential next mayor coming up. >> the shibor. >> in china. we will talk about this race. it's...
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but if we do get a type of risk off environment again due to growth concerns in china and emerging markets, then the yen could see some -- the dollar/yen could see downward pressure. >> let's bring you in as well. indonesia central banks sprung a surprise on the markets by hiking rates by a half a percentage points to 6.5 points and most were looking for 25 basis points. it is the second rate hike in a row. how much pressure is being put on these markets by fed policy, by the slowdown in china, by what's going on with the yen? >> yeah. first of all, i was looking for a 50 basis points hike today, slightly above consensus. but, again, this is an interesting decision in context of the fed minutes last night. which should have relieved the pressure to hike more aggressively. but again, what it shows is really the consideration is not just from the external front, but indonesia has its own problems in particular in inflation. it is already well above target and that's before the fuel price hikes they did last month. i think they're trying to be proactive, trying to be on the ball and trying to
but if we do get a type of risk off environment again due to growth concerns in china and emerging markets, then the yen could see some -- the dollar/yen could see downward pressure. >> let's bring you in as well. indonesia central banks sprung a surprise on the markets by hiking rates by a half a percentage points to 6.5 points and most were looking for 25 basis points. it is the second rate hike in a row. how much pressure is being put on these markets by fed policy, by the slowdown in...
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>> i didn't say you should go out and buy with two hands in this kinds of environment. i think the market is in the zone of reasonable valuation. we have some modest earnings growth so you can expect the market to grind higher. so surge higher i don't think so. you got a blast of good news from bernanke yesterday, celebrated that today and we'll take it from there. >> so you look around the world and you had talked about japan the last time you were here. it had a volatile down move back up. what are your thoughts now, anything different? >> i'm still positive on japan. they're in the early stage of a bull market. they had a traditional bull market correction. powerful bull market correction but a correction nonetheless and the market made up a fair bit of ground since then. they are stimulating with the monetary pipe full blast. >> fiscal pipe though? >> the fiscal pipe is turned on as well. i think we'll probably see positive surprises on the fiscal front rather than negative surprises. the big concern that got the market down was the third phase of abben only iks. it
>> i didn't say you should go out and buy with two hands in this kinds of environment. i think the market is in the zone of reasonable valuation. we have some modest earnings growth so you can expect the market to grind higher. so surge higher i don't think so. you got a blast of good news from bernanke yesterday, celebrated that today and we'll take it from there. >> so you look around the world and you had talked about japan the last time you were here. it had a volatile down move...
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. >> do what you can do in an environment like this. interesting, days like today, calm before the storm. alcoa, difficult to say anything of upcoming earnings. they're weighing in. but fairly soon we are going to start to get a better sense and it will become much more important one would expect to the overall market environment particularly, again, given what are we'll see mixed expectations certainly when it comes to the bottom line and we'll be focused on top line. what will it really say when you have so many investors grappling with the inputs and looking at the bond market, not just the stock market and understand what's going on and then back to china with an alcoa, for example. >> well, there -- >> almost there in terms of real data points we can -- >> if you look through the lines of business that tell you about the broader environment and marked down the numbers, for example, for europe. i mean, the number of times that claus would say things looking better in the u.s., revised higher for autos and this, that and the other an
. >> do what you can do in an environment like this. interesting, days like today, calm before the storm. alcoa, difficult to say anything of upcoming earnings. they're weighing in. but fairly soon we are going to start to get a better sense and it will become much more important one would expect to the overall market environment particularly, again, given what are we'll see mixed expectations certainly when it comes to the bottom line and we'll be focused on top line. what will it really...
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in today's environment, when you're running your operations at 50% of capacity, do you really think you're not going to be competitive? >> please join me in welcoming our 44th president to peoria. >> president obama visited caterpillar to promote the stimulus package. but jim owens said that even with the stimulus, he may have to lay off more workers before seeing a turnaround. and he told us any gain from domestic spending may not be enough if "buy american" triggers a global trade war. what happens if all these countries that sell steel to us-- china, russia, brazil-- say, "okay, well, we're just not going to buy caterpillar products; we're not going to take in john deere products; we're not going to take in g.e. products"? >> the only trade war that's going on is being waged on us. and when you don't hold people accountable for playing by the rules they agreed to, that have access to your market, you're basically saying anything goes. that's garbage. that's baloney. and the american people won't stand for it. >> the "buy american" provision in the 2009 economic stimulus package requires
in today's environment, when you're running your operations at 50% of capacity, do you really think you're not going to be competitive? >> please join me in welcoming our 44th president to peoria. >> president obama visited caterpillar to promote the stimulus package. but jim owens said that even with the stimulus, he may have to lay off more workers before seeing a turnaround. and he told us any gain from domestic spending may not be enough if "buy american" triggers a...
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by the time we get into the early part of next year the economic environment especially around the world will look better than it does right now. >> we'll talk more -- today we really need to get out on time because you will just be so upset. >> you'll be taking more of my time. >> exactly. >> make sure you join us tomorrow. "squawk on the street" is next . >> the dow is set to open its all-time closing high as the chairman speaks real slow and soothes fears about monetary policy. welcome, welcome to "squawk on the street" and i'm carl quintanilla with jim cramer and nice to have jim back from vacation and the timing could not be better. as you know, on squawk, he'll join us from hq in a moment and take a look at futures. bernanke has managed to make stock bulls happy, gold bulls happy and the ten-year settling back to 2.57 earlier this morning and gold back to almost at 1300 and its highest since june 24th and then there's oil, wow, up 16% in two weeks and we'll talk about why you should expect sticker shock at the gas station in a few moments. first up, as we said, the dow closed yeste
by the time we get into the early part of next year the economic environment especially around the world will look better than it does right now. >> we'll talk more -- today we really need to get out on time because you will just be so upset. >> you'll be taking more of my time. >> exactly. >> make sure you join us tomorrow. "squawk on the street" is next . >> the dow is set to open its all-time closing high as the chairman speaks real slow and soothes...
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it's an economic place so you have financials which do extremely well in this environment and margins moving up. you've got health care. it always grows. and you've got basically the -- >> you took the gilead, hepatitis c is a big market. >> huge. >> if i'm looking for a dividend, do i really want to go to citi? am i going to get a dividend from citi at any time soon? >> i don't think you should be -- >> it's not a reason to buy citi? >> what we saw with the dividend plays is 5% yield that you have to be there a year to get because they pay you quarterly, you can lose that in a day if rates back up again and i think they will. nobody is sounding the all clear in the bond market. it's not over. rates aren't over going up. >> i have a quick question for you, steven. >> sure. >> i bought bank of america because it's a yield curve play for me, too. yield curve seems to be good for the bank. is that part of your reason for buying citi as well? >> yes. and they are cheaper. i like jpmorgan but i don't own it. >> how come citi and not jpm? >> they are a discounted book versus jpm has a premi
it's an economic place so you have financials which do extremely well in this environment and margins moving up. you've got health care. it always grows. and you've got basically the -- >> you took the gilead, hepatitis c is a big market. >> huge. >> if i'm looking for a dividend, do i really want to go to citi? am i going to get a dividend from citi at any time soon? >> i don't think you should be -- >> it's not a reason to buy citi? >> what we saw with the...
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the company said on the call that they expect a rising rate environment and a rising rate environment willing very good for their earnings. we think it's a positive for jpmorgan. it's a positive for a wells fargo. and then if you go to the trust companies, it will be a significant positive because they're going to start to be able to charge on their money market rates. >> charlie, everyone salivating over the prospect for higher rates and what it will mean, what it will do for their earnings. are we jumping ahead of ourselves? look at the ten-year today. it's already come back down towards 2.5%. >> yeah, that's a great point. i would say six months ago, i felt like a contrarian predicting a big increase in interest rates. and now it seems like it's overwhelming consensus, almost to the point of being a dangerous overwhelming consen s consensus. i do absolutely believe the ten-year is going to 4 % relatively quickly. you're right, if that ends up being wrong, that's got some implications. >> david, what about the effects of the falling value of some of these bonds on the balance sheet?
the company said on the call that they expect a rising rate environment and a rising rate environment willing very good for their earnings. we think it's a positive for jpmorgan. it's a positive for a wells fargo. and then if you go to the trust companies, it will be a significant positive because they're going to start to be able to charge on their money market rates. >> charlie, everyone salivating over the prospect for higher rates and what it will mean, what it will do for their...
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ultimately, this is not a bad environment. >> is that true? if what they are doing is ending the purchasing program. you hit the zero bond rates, so if they end them, that is a monetary policy change, is it not? >> well, not if you think in terms of the stock effect versus the flow effect of qe, which is a debate, of course, they're adding to the balance sheet, that's easy. when they stop, it's like cutting the funds rate, they stop tightening. now to the extent the markets were priced more qe than is going to happen, they have to doyle back. bernanke made the analogy, if markets are expecting 50 basis points, you get 25, the market will sell off. it's easing. >> my head is spinning. ed, what do you think about what we have seen here in the last 24 hours. >> i think the way to put it in perspective, we are almost back to where we were before the fed chatter started. >> may 22nd, the joint economic committee. >> so basically, the fed influences the market, by the way, influences the economy. in my view the economy is getting stronger. it's not
ultimately, this is not a bad environment. >> is that true? if what they are doing is ending the purchasing program. you hit the zero bond rates, so if they end them, that is a monetary policy change, is it not? >> well, not if you think in terms of the stock effect versus the flow effect of qe, which is a debate, of course, they're adding to the balance sheet, that's easy. when they stop, it's like cutting the funds rate, they stop tightening. now to the extent the markets were...
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the weaker external environment. plus attempts by china to crack down on false invoicing as well, which had inflated previous trade numbers. resources taking a hit on the back of the chinese trade data. look at italian banks, hit by the s&p downgrade for italy. down around 2%. we saw short dated debt t-bills at auction for italy. yield at four-month high about an hour or so ago. italian yields are higher as a result of 4.46%. number of comments coming out from italy as well today. the one good news for the country, had an increase in vat receipts for a long while. so that maybe suggests there is some benefit coming through from the forms they had. that's where we stand in europe right now. >> ross, thank you for that. in other news this morning, natural gas well is leaking in the gulf off of the louisiana coast. the coast guard says the crew was working temporarily to plug the well on monday night and lost control of it. everyone on the platform was evacuated safely. the well did not blow out and there was no explosi
the weaker external environment. plus attempts by china to crack down on false invoicing as well, which had inflated previous trade numbers. resources taking a hit on the back of the chinese trade data. look at italian banks, hit by the s&p downgrade for italy. down around 2%. we saw short dated debt t-bills at auction for italy. yield at four-month high about an hour or so ago. italian yields are higher as a result of 4.46%. number of comments coming out from italy as well today. the one...
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>> environment agency said the current regulations they believe are adequate to ensure that any shale gas exploration is done in an environmentally appropriate manner. but as you say, we're so densely populated, local people are probably going to have concerns about trucks coming in with equipment and perhaps piping in water. and so i think it is going to take a lot longer than people hope. >> and clearly you need to give local communities a cut of the profits, don't you? you need to incentivize them to -- i don't know how you do that, but i imagine you need to say we'll take the money and build schools or chip in for hospitals. >> that's a standard part of planning in the uk. smart developers know they got to bring in support from local community and no matter what they're building. >> good to talk to you. did you ever play twister, by the way? >> i did. >> we all have done it, right? gone on to some very unusual positions. the man behind one of the world's most popular games twister has passed away. he invented the hugely popular game. this brought partygoers together in some of the
>> environment agency said the current regulations they believe are adequate to ensure that any shale gas exploration is done in an environmentally appropriate manner. but as you say, we're so densely populated, local people are probably going to have concerns about trucks coming in with equipment and perhaps piping in water. and so i think it is going to take a lot longer than people hope. >> and clearly you need to give local communities a cut of the profits, don't you? you need...
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>> no, it's a challenging environment you want to own companies like j.p. morgan because they can be in these tough times. they also had excess cash on the balance sheet this quarter. i think they will benefit from the higher interest rates and having that cash redeployed as we go into the third quarter. >> anthony, if you talk about the net interest margin, things impacted by higher rates, how are they going to manage this corner with a sudden and pretty violent spike in the ten-year note deal? how will they manage that when it looked leak they wouldn't be able manage it last quarter before we had the move? >> j.p. morgan has been relatively stable. we have as to wait for the conference details. i think there was an increase in liquidity relative to loan growth. with esa you the margin come down. net interest income missed by 200 million. that's a couple pennies for j.p. morgan. as we go forward, tail have the ability to grow loans and grow the investments securities portfolio at a higher rate than the first half of the year. should benefit net interest go
>> no, it's a challenging environment you want to own companies like j.p. morgan because they can be in these tough times. they also had excess cash on the balance sheet this quarter. i think they will benefit from the higher interest rates and having that cash redeployed as we go into the third quarter. >> anthony, if you talk about the net interest margin, things impacted by higher rates, how are they going to manage this corner with a sudden and pretty violent spike in the...
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will challenge a senior officer and how that senior officer is expected to respond and create a team environment. we want to identify what communications took place, what the crews expected, and certainly how they were trained with respect to crm. >> any indication that played a role in this? >> i think it's too early to reach any conclusions. we have a team that's going through the cockpit voice recorder. asian, korean speakers and english speakers, and they'll be helping us understand what was on that two-hour tape but certainly focused on the approach. >> the crew was not given drug and alcohol tests after they landed. because it's a foreign airline. i think a lot of people heard that yesterday and they said wait a second, i don't care if it's from the united states, korea, wherever it's from. if there's a crash on u.s. soil, shouldn't they have been tested? especially since the first responders who were coming to the scene, they were tested afterwards. shouldn't everyone have been tested? >> well, we're looking at what's required. we know for u.s. carriers based in the u.s. that the companie
will challenge a senior officer and how that senior officer is expected to respond and create a team environment. we want to identify what communications took place, what the crews expected, and certainly how they were trained with respect to crm. >> any indication that played a role in this? >> i think it's too early to reach any conclusions. we have a team that's going through the cockpit voice recorder. asian, korean speakers and english speakers, and they'll be helping us...
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military coups, military interventions do not create environments for democratic change. and it's not that the army and the people are one hand. we have seen, and we saw during the transition from mubarak to morsi that the military has the capacity to pursue its own interests at the expense of the will of the people. >> last thought. >> i think we should be a little bit careful in viewing this as the resurgence of the egyptian military. clearly you're right that the egyptian military has played a role here, but let's not forget there were millions of people out in the streets and this may have been a coup by the dictionary definition but it reveals how limited the dictionary definition is. how many coups do you know that install a judge as president afterwards? i think there is still some space for some democratic development here. >> tarek masoud, steven cook, dahlia, pleasure to have you all on. up next we're going to talk about movies, why so many of them are so bad. so many prequels, sequels, part 4s. i have a great guest, a hollywood insider to explain. >> suddenly i
military coups, military interventions do not create environments for democratic change. and it's not that the army and the people are one hand. we have seen, and we saw during the transition from mubarak to morsi that the military has the capacity to pursue its own interests at the expense of the will of the people. >> last thought. >> i think we should be a little bit careful in viewing this as the resurgence of the egyptian military. clearly you're right that the egyptian...
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they're controlling their environment but it's very interesting to note that they would appear what we call their affect, their mannerisms, their tone of voice, the way they're talking seems almost juvenile for fully developed women who are now in their mid-20s, because i think that emotionally they were probably stuck around the time they were kidnapped. it's like they were being raised by each other and the only other adult was an infantile adult criminal so it's fascinating to watch that. >> and what also do you think of this approach? it shows they're obviously taking control of their situation, putting out this youtube video but is this part of the healing process or do you think this is more of them just wanting to say thank you and to tell people we still need our distance? >> well i think it was definitely that. i love the fact that they were taking control of it, that they weren't letting the media control them. they also knew they had to do it at some point. by at least putting out this video that we have, it will hold the media at bay, if you will. it will continue to be abl
they're controlling their environment but it's very interesting to note that they would appear what we call their affect, their mannerisms, their tone of voice, the way they're talking seems almost juvenile for fully developed women who are now in their mid-20s, because i think that emotionally they were probably stuck around the time they were kidnapped. it's like they were being raised by each other and the only other adult was an infantile adult criminal so it's fascinating to watch that....
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i feel like i'm doing my part to help out the environment. >>> so that is san francisco airport brought to you by kgo out there. we are continuing to monitor the developments. this is now an investigation and of course about the healing of the passengers who did survive and most of them did. two dead in that crash. the rest, some of them in the hospital. some of them walked away. amazing. >>> we are getting new information about the flight data recorder from the san francisco crash. renee marsh is here with the latest. >> earlier this morning we stole e told you that those flight recorders were on the way here to washington, d.c. now we have confirmed that they are now at the national transportation safety board's lab here in washington, d.c. we're told they're in good shape. they will begin the process of annual sizing the information on these flight recorders. we should get a preliminary readout on the information on these recorders that could happen this afternoon. lots of critical information that could piece together and pain president picture of what happened in those final moment
i feel like i'm doing my part to help out the environment. >>> so that is san francisco airport brought to you by kgo out there. we are continuing to monitor the developments. this is now an investigation and of course about the healing of the passengers who did survive and most of them did. two dead in that crash. the rest, some of them in the hospital. some of them walked away. amazing. >>> we are getting new information about the flight data recorder from the san francisco...
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a very significant threat in the aviation environment. we want to understand what was going on with this crew and airplane so we can learn from it. >> are there not redundant systems that would have flashed -- if everything were working well that would have flashed and said too steep, too slow? wouldn't that have been in place? >> well, you know, there are a lot of systems that help support the pilots as they come into airports especially busy ones like this one at san francisco. there's been a discussion about the glide scope being out of service. but there are a number of other tools available to the pilots, some less sophisticated like the lights, precision approach lights that they were talking about. but also some things that are more technologically advances, things on the airplane that can give you gps information. >> so something if the plane were working correctly would have told him that the path were too steep and too slow, if indeed that's the case? >> well, i know a lot of this is not necessarily about the plane telling them,
a very significant threat in the aviation environment. we want to understand what was going on with this crew and airplane so we can learn from it. >> are there not redundant systems that would have flashed -- if everything were working well that would have flashed and said too steep, too slow? wouldn't that have been in place? >> well, you know, there are a lot of systems that help support the pilots as they come into airports especially busy ones like this one at san francisco....
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get comfort at the controls, and you really do feel better, and the plane is responding to certain environments. it was highly significant this was the first landing at sfo, particularly many can youing across water and over the sea wall. >> when you look at those combination of factors in this particular airport, what strikes you as you see the video? >> what strikes me as i see the video is that seven seconds before impact, they knew they were low and slow. they were going too slow, under the recommended guidelines for the speed of the plane, and they were way too low what's called the glide path. at that time, had they done something, they would have had a chance. when they tried to do evasive maneuvers or give themselves more time at 1.5 seconds, it was too late. there was no time. >> do you know if they had been on autopilot, it would have been easier? >> it would have because autopilot corrects those features, putting in, in layman's terms, your air speed, throttle, altitude. if they needed additional air speed or altitude while on autopilot, it would have corrected it kicked in the power
get comfort at the controls, and you really do feel better, and the plane is responding to certain environments. it was highly significant this was the first landing at sfo, particularly many can youing across water and over the sea wall. >> when you look at those combination of factors in this particular airport, what strikes you as you see the video? >> what strikes me as i see the video is that seven seconds before impact, they knew they were low and slow. they were going too...
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i feel like i'm doing my part to help out the environment. >>> 16 minutes after the hour. new leads in a 6-year-old cold case. >> british police now say they think a little girl right here, madeleine mccann, right here, they think she may still be alive. she was just three when she disappeared at her family's holiday home in portugal. nick valencia joins us with the latest. we've heard so many other promising leads in the past. this seems to be a little different. what new evidence do we have, do we know? >> it is different. i spoke to the metropolitan police department in the uk this morning. this new lead, this new evidence, is the result of combing more than 30,000 documents. if you remember in 2008, the investigation hit a dead end. that led the parent to appeal to open up a british investigation. that happened. and the uk police have identified 38 suspects. people persons of interest. people in portugal at the time of madeleine mccann's disappearance. the big headline is that police may believe she is still alive. >> the emergency of madeleine, big, plow eyes, that's
i feel like i'm doing my part to help out the environment. >>> 16 minutes after the hour. new leads in a 6-year-old cold case. >> british police now say they think a little girl right here, madeleine mccann, right here, they think she may still be alive. she was just three when she disappeared at her family's holiday home in portugal. nick valencia joins us with the latest. we've heard so many other promising leads in the past. this seems to be a little different. what new...
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the woman claims she was sexu sexually harassed and calls the work environment racist. more than a dozen networks cut ties with deen after she admitted using racial slurs. >>> a 5-year-old new jersey girl knows exactly what to do when mom started choking on a tortilla chip. chloe dialed 911. this is interesting she thought the dispatcher that answered the phone was her dad. listen to this. >> daddy? >> hello? >> daddy, mommy's choking. >> she's choking? >> yes, she can't talk right now. >> okay, she can't talk? >> no. >> okay, can you open the front door and i'll get help over to you? >> okay. >> all right, open the front door, i'll be right there. >> love you, bye. >> luckily keri olson stopped choking before first responders responded to her house. they didn't mind coming out to the home. they were proud of little chloe for doing the right thing and dialing 911 and staying calm. it was so adorable she thought that was papa on the other end. >> she's a star. >> that was the cutest 911 call in my entire life. >> greatest presence of mind with the operator go with it and
the woman claims she was sexu sexually harassed and calls the work environment racist. more than a dozen networks cut ties with deen after she admitted using racial slurs. >>> a 5-year-old new jersey girl knows exactly what to do when mom started choking on a tortilla chip. chloe dialed 911. this is interesting she thought the dispatcher that answered the phone was her dad. listen to this. >> daddy? >> hello? >> daddy, mommy's choking. >> she's choking? >>...
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you have to clean up the environment a little bit. when you took them all over there, they are pay and $1 per day compared to a couple dollars per hour compared to what ever they were making over here in the united states. u.s. companies went overseas and now it is like we might bring them back. in thedquarters is united states. the only people benefiting from this seems to be the government. are pretty much scot-free from the destruction of the building that collapsed with the walmart workers. you have another one that just collapsed or caught fire a couple of months ago. and the chinese people are probably the only people making out on this are the government and the people headquartered in the united states. guest: thank you for your call. the calller had done a number of issues that have been controversial. one reason u.s. companies have gone to china and set up there is the chinese economy is growing much faster. estimated to grow at at least triple the rate for the next several years. if u.s. companies want to be competitive aga
you have to clean up the environment a little bit. when you took them all over there, they are pay and $1 per day compared to a couple dollars per hour compared to what ever they were making over here in the united states. u.s. companies went overseas and now it is like we might bring them back. in thedquarters is united states. the only people benefiting from this seems to be the government. are pretty much scot-free from the destruction of the building that collapsed with the walmart workers....
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take that framework to the today's environment. maybe there's a tradeoff that more policy is helpful, obviously, on the usual ground but it creates financial stability. you have to do the tradeoff. we're very far from our objective on the unemployment rate or the labor market more generally. when you do the trade off and you do it under today's condition, i think the trade off comes down to one in which you want to be accommodated. i think we have the -- here's the way to say it. if funds it a rate goes lower, we would have it at minus 2. we're going to be at zero either way. you can believe it is important think about this in the general framework and we shouldn't get lazy and dismiss it. when we get closer to full employment the balance might tilt. again, i think the goal this time around was to clarify the policy as opposed to mod late it left or right. >> ok, i think on that note we will conclude to stay on time. jeremy, thank you so much. [applause] >> we talked more about the u.s. economy, the june jobs report and the 7le.6%
take that framework to the today's environment. maybe there's a tradeoff that more policy is helpful, obviously, on the usual ground but it creates financial stability. you have to do the tradeoff. we're very far from our objective on the unemployment rate or the labor market more generally. when you do the trade off and you do it under today's condition, i think the trade off comes down to one in which you want to be accommodated. i think we have the -- here's the way to say it. if funds it a...
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goods, services, labor, the environment. there are things that we learn from that that we are trying to do better. host: can a trade agreement be changed? guest: a trade agreement can be changed if the countries that agree to it all agree to that. host: how does that happen? guest: countries use language in the agreement. south korea says that we may be able to accommodate your problem -- south korea says that we may be able to comment your problem, if you accommodate ours. host: you are on the air. caller: all these companies took the jobs to china to avoid taxes and labor laws. clean up the environment. when it took them over there, they were getting one dollar a day. versus, what they were making here in the united states. when united states companies went overseas -- as their headquarters sit the united states -- the only people who seem to benefit from this are the government. these companies are getting off scott free from the destruction of the building that collapsed with the walmart workers. you have another one tha
goods, services, labor, the environment. there are things that we learn from that that we are trying to do better. host: can a trade agreement be changed? guest: a trade agreement can be changed if the countries that agree to it all agree to that. host: how does that happen? guest: countries use language in the agreement. south korea says that we may be able to accommodate your problem -- south korea says that we may be able to comment your problem, if you accommodate ours. host: you are on the...
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we can find a way that is good for the environment and good for business. it is good for our planet and bottom-line. when it is missing we tried some product. yet to search to find those intersections. it is an intersection that benefits our customers and shareholders. when you can find that it really works. >> you are one of the mayors challenge which was an incentivized competition. this is one way of having share prosperity. -- came up with what >> if you look at the bashan -- basic functions of these have to provide, is there a way to provide this in a completely new way. you have to do something with the trash. we have decided that we will that endthe trash out up in the dump. we depend on individuals to make that choice. technology is there. it has not been applied to this skill. want to see if we can prove it. benefit to thee process? this is what started as thinking in this direction. we have been kicking it for a long time. we had a lots of ideas. we said we achieve all these other ones. let's put one out where we do not know whether we can do it.
we can find a way that is good for the environment and good for business. it is good for our planet and bottom-line. when it is missing we tried some product. yet to search to find those intersections. it is an intersection that benefits our customers and shareholders. when you can find that it really works. >> you are one of the mayors challenge which was an incentivized competition. this is one way of having share prosperity. -- came up with what >> if you look at the bashan --...
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the less secure in the environment, the smaller the project. the more secure, the more substantial you can pursue. >> to follow up on that, in iraq, you have the assessments being done both about security and about engagement. , thoseabsence of usoco assessments were being done by our ambassador and those assessments were being done by the generals on the ground. where are they on this proposal? did the generals or the ambassadors feel that they would have benefited by having this? >> he supports the idea of having it. >> when the u.s. is operating overseas, the ambassador in iraq and with the u.s. operates elsewhere, it is ambassador who heads the effort in the country. the commanding general heads the defense operations. i understand what was said. where would it fit in this command? >> the mission is discrete and will to find. clarity will provide certainty to both agencies and the contractors. it would be somewhat like fema. its mission is to oversee the relief or reconstruction activity in the affected country. the president would declare
the less secure in the environment, the smaller the project. the more secure, the more substantial you can pursue. >> to follow up on that, in iraq, you have the assessments being done both about security and about engagement. , thoseabsence of usoco assessments were being done by our ambassador and those assessments were being done by the generals on the ground. where are they on this proposal? did the generals or the ambassadors feel that they would have benefited by having this?...
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this is polluting my environment and town. fracking is the controversial technique where oil companies drill underground near water sources to extract the gas. ourstarted a petition on side. we look at her leadership, the quality of the petition, the attention it was getting. we elevated. it eventually got over 35,000 signers in the -- the state of california. we are trusting ellen members in using systems to make sure we're elevating thoughtful stuff. we are trusting our members. they are delivering in doing the most powerful campaigning i can imagine. we're excited to see what they and you can come up with as we head into 2014. ist: in the last minute, who the progress of candidate in 2016? guest: it is still very early. moveon members have played a huge role in elections. we have given hundreds of millions of dollars to progressive candidates. any candidate that once moveon -- wants moveon support should stand on their progressive values. there are so many things our members care about. we're looking forward to all of those
this is polluting my environment and town. fracking is the controversial technique where oil companies drill underground near water sources to extract the gas. ourstarted a petition on side. we look at her leadership, the quality of the petition, the attention it was getting. we elevated. it eventually got over 35,000 signers in the -- the state of california. we are trusting ellen members in using systems to make sure we're elevating thoughtful stuff. we are trusting our members. they are...
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don't wish to see a dupoly environment held by the state. there's no way to make a gun safe. host: what about the regulations? you talked about a serial number on every gun. you write about it in the story. tell our viewers. question aboute what happens if a gun comes out bad. , if it is beyond repair within the factory. the answer is that this is a heavily regulated area. the receiver which is the part of the gun that makes it a gun, it does the firing, it told the round and contains the trigger housing. every single one of those made has to have a serial number. even if it comes out broken. if it comes out broken, that have to take a picture of cutting it in half and then send that to the federal government if the federal government asks for it. they have to document it. it is not as if there are people popping in at night and stealing chocolate. this is already regulated industry. norfolk, va., independent college. about: you were talking having guns designed to kill people and animals. do they talk about the number of people who have been killed by remington arms? is ther
don't wish to see a dupoly environment held by the state. there's no way to make a gun safe. host: what about the regulations? you talked about a serial number on every gun. you write about it in the story. tell our viewers. question aboute what happens if a gun comes out bad. , if it is beyond repair within the factory. the answer is that this is a heavily regulated area. the receiver which is the part of the gun that makes it a gun, it does the firing, it told the round and contains the...
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of aidd of development program can happen in a highly unstable security environment. lesson from core iraq and afghanistan that you must have sufficient security before you have reconstruction activity development and aid. billions of dollars and too many lives. we issued a report last summer that 719 lives were lost while those individuals were engaged in reconstruction related activity. better planning, better capacity, better integration amongst the agencies would avert the kind of abuse we've seen in iraq and better execution. would implement effective oversight so the lost and blood in we've seen in iraq and afghanistan would be averted in afghanistan and whatever reconstruction we engage in. >> think user. -- thank you sir. accepted the legitimacy of our presence in germany and japan, but in iraq that was always a question. we believe when the saddam statue fell daily have the legitimacy at that that point and was it a matter of we do not enforce laws? we briskly -- was that the problem? with ourthe complexity relationship with the arab world even as saddam's st
of aidd of development program can happen in a highly unstable security environment. lesson from core iraq and afghanistan that you must have sufficient security before you have reconstruction activity development and aid. billions of dollars and too many lives. we issued a report last summer that 719 lives were lost while those individuals were engaged in reconstruction related activity. better planning, better capacity, better integration amongst the agencies would avert the kind of abuse...
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you have got to get your political system working so the you are not creating an environment where it is difficult for the people starting out. do not have a salary for your kids, whenever society is we will have trouble getting a handle on this. the political system is destroying this country. they need to start coughing up their money to take care of this rest -- this mess. if they make more than $10 per hour, they are stealing money from us. thank you for your time. host -- host: the story comes from nashville, tennessee. the question this morning is about the government's role in feeding children. this piece is called driving away hunger. it was photographed by michael williamson. they are looking at a community in rural tennessee and looking at efforts to feed children over the summer months, when they are not in the school. there is a bus that goes around and find the children themselves. there are strict rules about how much food children are given. they have to stay on the bus and eat it there, they cannot take it home with them. we have looked at the numbers in this piece in
you have got to get your political system working so the you are not creating an environment where it is difficult for the people starting out. do not have a salary for your kids, whenever society is we will have trouble getting a handle on this. the political system is destroying this country. they need to start coughing up their money to take care of this rest -- this mess. if they make more than $10 per hour, they are stealing money from us. thank you for your time. host -- host: the story...
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have to do with social disadvantage, with overty, with people's exposure over the life course to bad environments. and the important thing to realize with mental illness is the people with mental illness are subject to those same risk factors. something we didn't show you from our study in connecticut is that the strongest determinant of violent behavior with these people with mental illness are age, gender, bstance abuse and minority racial status which is a proxy of social disadvantage which we were not able to measure directly. and new give me a choice between knowing these two things. could i know someone with these mental factors? and all politics aside can we try to predict violent behavior. the demographics that are amenable to the intervention that could improve that, the problem is as a policy solution, that's something that's a long-term project. a lot longer than the elected term of an elected representative who is under pressure to do something about mental illness, changing background checks than it is to think about all the causes of violence and these factors throughout in society.
have to do with social disadvantage, with overty, with people's exposure over the life course to bad environments. and the important thing to realize with mental illness is the people with mental illness are subject to those same risk factors. something we didn't show you from our study in connecticut is that the strongest determinant of violent behavior with these people with mental illness are age, gender, bstance abuse and minority racial status which is a proxy of social disadvantage which...
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Jul 8, 2013
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the first of which is safety and the second is funding in the current fiscal environment. i would caution us because if dwight eisenhower or president kennedy had thought about the funding priorities in getting to the moon, they would have said no. but they did not. they said yes. and they were ok not to even live to see that accomplished. our challenge has to be the same. if we commit today to reach mars by 2030, we will have more than a 15-year funding profile for planning and development to be the challenges of accomplishing a complex mission. if you think about that kindergartner today, that means that within that child's lifetime, that child will get to experience what some of us, what i experienced when we did apollo and gemini and saturn. a 15-year funding window. the major scientific challenge will be to understand the impact of deep-space missions on humans. not only will astronauts travel for long times in compact space, but during space travel, astronauts will experience dangerous cosmic rays resulting in high levels of radiation. with our current technology, it
the first of which is safety and the second is funding in the current fiscal environment. i would caution us because if dwight eisenhower or president kennedy had thought about the funding priorities in getting to the moon, they would have said no. but they did not. they said yes. and they were ok not to even live to see that accomplished. our challenge has to be the same. if we commit today to reach mars by 2030, we will have more than a 15-year funding profile for planning and development to...
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139
Jul 13, 2013
07/13
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it is a different environment. it was the mistress of the chief job of the president is to persuade people. it is a lot harder to persuade people today than it was in richard nixon's time. nixons one reason why seems obsessed with the media and what they are saying about him. he knows how powerful an instrument they are for public office. guest is richard norton smith. we're looking at the nixon tapes 40 years after they become became public knowledge. we're airing these on c-span radio during the month of july. you can listen to the recordings anytime online at c-span.org. the next call is from california on the independent line. have a question -- when president johnson was in the white house, i think he was talking to senator dirksen. president johnson knew nixon's thele were messing with promising to get out of the war. if johnson would have brought up, the think it would be possible nixon would never have been president? host: appreciate the call. this is from another viewer about a secret plan. guest: the ide
it is a different environment. it was the mistress of the chief job of the president is to persuade people. it is a lot harder to persuade people today than it was in richard nixon's time. nixons one reason why seems obsessed with the media and what they are saying about him. he knows how powerful an instrument they are for public office. guest is richard norton smith. we're looking at the nixon tapes 40 years after they become became public knowledge. we're airing these on c-span radio during...
97
97
Jul 10, 2013
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we have spent upwards of $20 billion drilling a tunnel at yucca mountain, studying the geology, the environment, my understanding is that the tunnel is completed. in 2010, unilaterally, the obama administration decided to shut the project down and it's debatable whether it was done legally or not. the bill coming out of the appropriations subcommittee, all it does is allocate money that has already been collected to go ahead and finish the site review at yucca mountain to determine whether it is, in fact, a safe place to store high-level nuclear waste. ep in mind, we have over 100 operating nuclear operators around the country today and the waste they generated is stored on site. stored on site. there's good security. most of it is stored in what are called wet pools. almost everybody agrees that it's not a long-term solution. and i think the congress on a bipartisan basis can agree that we ought to go ahead and finish the review of the yucca mountain site, $25 million does it. it has allocated funding in the bill to help the local government entities out there. let's finally put this thing to
we have spent upwards of $20 billion drilling a tunnel at yucca mountain, studying the geology, the environment, my understanding is that the tunnel is completed. in 2010, unilaterally, the obama administration decided to shut the project down and it's debatable whether it was done legally or not. the bill coming out of the appropriations subcommittee, all it does is allocate money that has already been collected to go ahead and finish the site review at yucca mountain to determine whether it...